LawFuel – Law News Network – International law firm Mayer, Brown, Rowe & Maw LLP’s London real estate group has advised new client Capital & Counties, a subsidiary of Liberty International PLC, on the acquisition of a portfolio of properties owned by London’s Covent Garden Market Limited Partnership, a joint venture between The Scottish Widows Investment Partnership and Henderson Global Investors, for £421 million.
The assets acquired include 31 properties over a total of 450,000 sq ft focused primarily on the central Piazza at London’s Covent Garden. The properties include Covent Garden Market itself as well as the London Transport Museum and Jubilee Hall.
Peter Sugden commented: “The real estate group’s ability to perform on such a large transaction and within the two week timetable set by the sellers is a reflection of the group’s capabilities and strength in depth. It was particularly rewarding that this was also on a headline deal for a significant new client of the firm.”
London real estate partners Peter Sugden and James Dodsworth led the Mayer, Brown, Rowe & Maw team advising Capital & Counties, assisted by Iain Roberts and Caroline Humble. Support was also provided by IP partner Mark Prinsley, tax partner Peter Steiner and employment partner Christopher Fisher.